Delta Air Lines Inc (DAL)

Current ratio

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Total current assets	US$ in thousands	11,579,000	10,269,000	12,255,000	13,080,000	13,401,000	13,011,000	14,799,000	17,313,000	15,720,000	15,940,000	17,471,000	19,666,000	17,853,000	17,404,000	25,030,000	18,915,000	10,275,000	8,249,000	6,944,000	7,134,000
Total current liabilities	US$ in thousands	28,478,000	26,418,000	27,556,000	28,482,000	28,417,000	25,940,000	25,870,000	26,324,000	24,060,000	20,966,000	20,924,000	23,573,000	20,688,000	15,927,000	19,725,000	20,150,000	19,392,000	20,204,000	20,211,000	21,164,000
Current ratio		0.41	0.39	0.44	0.46	0.47	0.50	0.57	0.66	0.65	0.76	0.83	0.83	0.86	1.09	1.27	0.94	0.53	0.41	0.34	0.34

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $11,579,000K ÷ $28,478,000K
= 0.41

The current ratio of Delta Air Lines Inc has shown some fluctuations over the past quarters, ranging from a low of 0.34 to a high of 1.27. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets.

The trend over the last few quarters shows a general decrease in the current ratio, indicating potential challenges in maintaining liquidity and meeting short-term financial obligations. However, the current ratio did improve in the most recent quarter compared to the previous ones.

It is important for Delta Air Lines Inc to closely monitor its current ratio and ensure it remains at a healthy level to support its operations and financial stability. Management may need to implement strategies to improve liquidity and manage working capital effectively in order to sustain the company's financial health.